That dollar amount of Filipino spending reflects a 13.9% increase from $124.4 billion in 2021 and grew by 5.1% year-over-year starting from $134.9 billion starting in 2024.
Based on the average exchange rate for 2025, the Philippine peso depreciated by -14.3% against the US dollar since 2021 from 2024 to 2025. The weaker local currency in the Philippines makes Filipino imports paid for in stronger US dollars relatively more expensive when converted starting from the Philippine peso.
Major Suppliers by Country for Filipino Imports
The latest available country-specific data shows that 83.2% of products imported by the Philippines was supplied by exporters in: mainland China (28.4% of the Filipino total), South Korea (7.9%), Japan (7.88%), Indonesia (7.7%), United States of America (6.2%), Thailand (5.5%), Singapore (4.21%), Malaysia (4.19%), Vietnam (4.14%), Taiwan (3.5%), Australia (1.9%) and Germany (1.6%).
Applying a continental lens, trade partners also located in Asia supplied 80.7% of imports delivered to the Philippines while 7.11% worth of goods originated from North America. Another 7.06% was sold by suppliers in Europe.
Tinier percentages came from Oceania (2.8%) led by Australia, New Zealand, Marshall Islands and Papua New Guinea, Latin America (1.8%) excluding Mexico but including the Caribbean, then Africa (0.5%).
Given the Philippine population of 114.4 million people, its total US$141.7 billion in 2025 imports translates to $1,250 in yearly product demand from every person in the Southeast Asian nation. That dollar amount outpaces the average $1,200 one year earlier in 2024.
Philippines Top 10 Imports
The following product groups represent the highest dollar value worth of import purchases during 2025. Also shown is the percentage share each product category represents in terms of overall imports into the Philippines.
- Electrical machinery, equipment: US$33.5 billion (23.7% of total imports)
- Mineral fuels including oil: $18.1 billion (12.8%)
- Machinery including computers: $11.8 billion (8.3%)
- Vehicles: $10.7 billion (7.5%)
- Plastics, plastic articles: $5 billion (3.6%)
- Iron, steel: $4.8 billion (3.4%)
- Cereals: $4.2 billion (2.9%)
- Articles of iron or steel: $3.3 billion (2.3%)
- Optical, technical, medical apparatus: $3.1 billion (2.2%)
- Meat: $2.5 billion (1.8%)
The Philippines’ top 10 import product categories generated over two-thirds (68.5%) of the overall value of its product purchased from other countries.
Imported cereals posted the greatest increase in value among the top 10 import categories, up 106.9% from 2024 to 2025. Imports of rice, corn and wheat were strong drivers for that percentage growth.
Another leading gain among the Philippines’ top import categories was the 22.1% advance for imported meat, ahead of the 20.8% growth for imported electrical machinery and equipment and the 13.2% upturn for imported optical, technical and medical apparatus.
Double-digit percentage decliners among the leading Filipino import categories were imports of cereals (down -18.5%) then imported mineral fuels including oil (down -10.7%).
Note that the results listed above are at the categorized two-digit Harmonized Tariff System (HTS) code level.
The analysis below presents a more detailed view of major imported goods at the four-digit HTS code level.
From the four-digit HTS code perspective, buyers in the Philippines spent the most on imported electronic integrated circuits and microassemblies (11.9% of Filipino imports spending), processed petroleum oils (6.5%), cars (3.7%), crude oil (2.6%), phone devices including smartphones (2.1%), coal including solid fuels made from coal (1.9%), petroleum gases (1.7%), trucks (1.6%), solar power diodes or semi-conductors (1.4%) then wheat (1.3%).
Top Electrical Products Imported into the Philippines
Filipino importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics.
- Integrated circuits/microassemblies: US$16.9 billion (up 28.3% from 2024)
- Phone devices including smartphones: $2.9 billion (up 27.7%)
- Solar power diodes/semi-conductors: $2.1 billion (up 6.4%)
- Insulated wire/cable: $1.7 billion (up 18.2%)
- Printed circuits: $1.3 billion (up 8.3%)
- Lower-voltage switches, fuses: $1.1 billion (up 14.1%)
- Electrical converters/power units: $989 million (up 19%)
- Electric storage batteries: $738.5 million (up 111.2%)
- Unrecorded sound media: $623.2 million (up 13.3%)
- Electrical/optical circuit boards, panels: $619 million (up 18.5%)
Among these import subcategories, Philippine purchases of electric storage batteries (up 111.2%), integrated circuits or microassemblies (up 28.3%) then phone devices including smartphones (up 27.7%) grew at the fastest pace from 2024 to 2025.
These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported electronics among Filipino businesses and consumers.
Top Mineral Fuels and Related Products Imported into the Philippines
Filipino importers spent the most on the following 10 subcategories of mineral fuels-related products.
- Processed petroleum oils: US$9.2 billion (down -17.2% from 2024)
- Crude oil: $3.8 billion (up 1.2%)
- Coal, solid fuels made from coal: $2.6 billion (down -20.1%)
- Petroleum gases: $2.4 billion (up 20.1%)
- Natural bitumen, asphalt, shale: $62.3 million (up 10.9%)
- Petroleum oil residues: $53.9 million (down -34.1%)
- Coal tar oils (high temperature distillation): $14 million (down -19.9%)
- Coke, semi-coke: $8.3 million (down -76.1%)
- Petroleum jelly, mineral waxes: $5.6 million (down -26%)
- Asphalt/petroleum bitumen mixes: $814,000 (down -2.5%)
Among these import subcategories, Philippine purchases of petroleum gases (up 20.1%), natural bitumen, asphalt or shale (up 10.9%) then crude oil (up 1.2%) grew from 2024 to 2025.
These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported fossil fuel-related products among Filipino businesses and consumers.
Top Machinery Including Computers Imported into the Philippines
Filipino importers spent the most on the following 10 subcategories of machines including computers.
- Computer parts, accessories: US$1.7 billion (up 4.8% from 2024)
- Computers, optical readers: $1.3 billion (up 8.4%)
- Air conditioners: $597.5 million (down -10.2%)
- Printing machinery: $579.5 million (up 9.8%)
- Refrigerators, freezers: $534.7 million (up 6.8%)
- Miscellaneous machinery: $522.2 million (up 19.3%)
- Heavy machinery (bulldozers, excavators, road rollers): $510.1 million (up 25.9%)
- Turbo-jets: $464.5 million (down -32%)
- Taps, valves, similar appliances: $378.2 million (up 11.4%)
- Air or vacuum pumps: $364.7 million (up 4.9%)
Among these import subcategories, Philippine purchases of heavy machinery such as bulldozers, excavators and road rollers (up 25.9%), miscellaneous machinery (up 19.3%) then taps, valves or similar appliances (up 11.4%) grew at the fastest pace from 2024 to 2025.
These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported machinery among Filipino businesses and consumers.
Top Vehicles Imported into the Philippines
Filipino importers spent the most on the following 10 subcategories of vehicles-related products.
- Cars: US$5.2 billion (up 17.1% from 2024)
- Trucks: $2.2 billion (down -3%)
- Motorcycles: $1.7 billion (up 13.6%)
- Public-transport vehicles: $444.5 million (up 8.1%)
- Automobile parts/accessories: $351.2 million (down -3.2%)
- Motorcycle parts/accessories: $197.4 million (up 0.4%)
- Tractors: $171.8 million (up 28.5%)
- Special purpose vehicles: $152.2 million (up 58.3%)
- Chasses fitted with engine: $77.6 million (up 50.6%)
- Trailers: $55.1 million (down -5.6%)
Among these import subcategories, Philippine purchases of special purpose vehicles (up 58.3%), chasses fitted with engine (up 50.6%) then tractors (up 28.5%) grew at the fastest pace from 2024 to 2025.
These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported vehicles-related products among Filipino businesses and consumers.
See also Philippines Top 10 Exports and Philippines Top Trading Partners
Research Sources:
Central Intelligence Agency, The World Factbook Country Profiles, Central Intelligence Agency. Accessed on April 23, 2026.
International Monetary Fund, Exchange Rates selected indicators (Domestic Currency per U.S. dollar, period average). Accessed on April 23, 2026
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on April 23, 2026
Investopedia, Net Exports Definition. Accessed on April 23, 2026
Trade Map, International Trade Centre. Accessed on April 23, 2026
Wikipedia, List of Companies of the Philippines. Accessed on April 23, 2026
Wikipedia, Philippines. Accessed on April 23, 2026